New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-12-17
BALTIMORE AND OHIO.
Nh. com'>'s yrw HE'D OF Acr'yn'-'"r

Mr.. GorN,N's NEW HELD OF ACuvHY-Inf
ROADS FINANCIAL POLICY CRITICISED.
EAIrIuoHI. Dec. 10 t>p,ciuIi.-Pre-iIrnt spencer
La, is,ucd his first general order hom ihc baltimore
and ohio executive orcc. j transferred Third 'c-
President OiI1nd smith from hi- headquarters at tu-
clnnat to the main office in t, city and ho Viii i.in
porarly nl TIC Office Of SECOND ,icr picsilru' mal'
vacant by the resignation of Mr. King order So. l
further PROVIDES that the r'nc al passenger and freight
agent, and other department, report to Colonel tmh
who ha, been given cha,sr pl The lines cast and VT
nf th. Ohio River. The Indications are that colonel
smith viii bee made inst vice president
senator GoIman is beginning 10 slow his hand p''5
plainly when hc resigned bis dlrcctoisnig ln tir
west Virginia Central Road, he did not se DIS largo
sfo. Aholdurs. william kcy7cr, WHO is als" ln tie Low
Ialtlmor and Ohio directory, is largely Interested h
! West Virginia central j is said That Gormane am
Billions run a. free ia the railroads they 90 IN poll
ties. lie Las idea that from his power as polite al
boss be may pave the way To becoming railroad
| uagnatr. Men Who know Senator German wei do not
think e made The contest against The syndicate Ia lho
special needing last saturday purely In the Interest
of the city and State II was SIMPLY the hr-t a'srr-
on Of the power be- proposes to exercise with tho "d
Of the other city and state directors IN Baiimore and
| Ohio Hairoad anal -. j. ". Davis, a well known
Mary land democratic politician aud ally OF I"iian'
has for sonc years filed position n the baltimore
and ohio Official star, which might be considered
slnccurc by thOso whose hho"Icdt' j. Ilmllci ms
uhcia tiilc j. " assistant To ID" president lic mas
hl, private sccrctary and rAcicar, tood dca "i " "
cral Iplu'ncc IN lh' 'nlHI ~ "'' ~ N' ' 81,
! the Legislative branch Of the business Jlls lnUu
| cnce In Maiyland politics aud with Maryland I'S",
! atuics hts made him Important. IL j. NO" IuHoiru
that Nj Davis viii not much longer hIl thc l"~ilI"h
a. assistant 10 the president, but HAT be viii bc pro
NOTED To the second 0r the illi" wee P'oiuri'9, NI
! German ha, the reputation Of AWAY ia'i"S care
Of hs friends In private IT,, "cIl a. Po'',ic" ni1l
and If llr German cho,cs hr can n'i' Nf I'i'ia d"
| ylcc president. j ools II tine West virginia Ten
tral Iaroad influence would exercise considerable
power IN future baltimore and ONO Affairs ana thHt
| politics Will also play an Interesting phl'
John A. Hanseton x Co, bankers viii say In their
circular tomorrow:
The baltimore and statement had very lo any
upon any oi e Baltimore aud Oh,o' secn,' % umI
mon should bo quoted around no Ia tho face Of .o
TO be sold at 80 ana the De" piriicd r'1A ~ ' 81
Tho increased "biIs e' and nAea M cnars'' rnt nd
catvo OF Tho early RESUMPTION Of , dividends ns
ONO due entirely TO tho fact that there
ycy tS1 % o The ~, %STEs Ts dna o q%cR
~. The only suppo! is from pu,fassr o. snn % c riSa
tho Baltimore and ONO company VII have tne 'n%ws %H
s7I Go0ooO ra preiered sec. 'ooooo0i We@;rra
Union Ieey raph sl"c" % oo 90 at ,o -, e 900
sa!eS stat ait al 6oS balances ooG
for the prior en bonds nov bod ~ The shsnE iHu va
proportionae reduction Of existing mortgages Nor En @
@ca m Gon. viii Increase the bonded to that
It Is difficult 10 understand why no western I
u.cd ia reducing tho floating debt Instead 81
issuing wSn ,. a@S %csSe g0HS SS4 .ynas ra'
aud ONO III
need of three TO fsur millions dollars TO some er
tent TO Independently but under tho most uniaVoADo
circumsances the company could. opinion have oD'
ained the needed relief home much better terms
baltimore large holder OF Baltimore and ONO STOCK
which for assistance given the baltimore ana o
dOubt that the Baltimore 'hO
cond have obtained further from tho city an1 We
hink Of the bankers Of onr city woud have s 20
have chance take OF the consolidated mortgage
bonds and preferred stock better than arc sai 10
nave been obtained the DreIel Morgan syndicate
FACILITIES FOR THE FIrCuBURG.
ALBANY Doc. 10 Especially -The State to-day gave me
Fitohburg Railroad permiss TO construct basin loo